UK Equity Income has seen a sharp spike in sales, according to the latest trends on the Cofunds platform.
The sector - which had previously suffered redemptions - saw a significant increase in net sales in September, leaping from fourteenth position in August to become the fourth most popular sector. UK Equity Income accounted for 6.7% of net sales last month, its highest level since 2009, as it doubled its year to date net sales average. Invesco Perpetual High Income and Threadneedle UK Equity Income helped power the sector up the sales chart, with both featuring in the top 20 best selling funds. Meanwhile, Cautious Managed held its position as the most popular sector, accounting for ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
